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Construction Sealants Market Analysis

Name: Construction Sealants Market Share | 2024 Industry Statistics
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI2249
Published Date: Nov 2017
Report Format: PDF

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Construction Sealants Market Analysis

Construction application based Silicone sealants market size is poised to surpass USD 3.1 billion in sales up to 2024. It provides high strength, long lasting, excellent durability, flexibility unique UV and moisture resistance along with compliance to green building norms. Environment conscious consumers inclination towards green construction materials with additional qualities may positively favor construction sealants market growth.

Butyls based construction sealants may witness significant gains at over 3 %. It provides non-hardening, non-skinning and flexible sealing with limited sound permeability and vapor barriers.Strong application outlook in all types of masonry, glass and steel to provide long lasting seals should boost product demand.

Construction sealants market size from structural glazing application may exceed to USD 3 billion by 2024. It provides ease of application on glass, aluminum, windows, safety user friendly dispensing and cost effectiveness. Shifting trend towards modern construction with better aesthetics owing to rising economic standards has promoted increase in use of structural glazing in buildings which should stimulate product demand.

Construction sealants market size from flooring & joining applications may register gains at over 4% at the end of 2024. These sealants provide high mechanical resistance, moisture vapor barriers, compatibility with other construction materials and ease of application. Increasing demand for durable heavy-duty sealants for public infrastructure building might drive industry growth.

Asia Pacific led by India, Japan, China construction sealants market size, may surpass USD 2.5 billion at end of 2024. Growth in infrastructural spending owing to availability of financial assistance supported by huge investments in infrastructure projects should have positive influence on regional industry growth.

Germany construction sealant market may witness significant gains at over 3.5%. Stringent environmental policies by EU Commission pertaining to VOC emission and toxicity of building materials has led to adoption of ecofriendly bio based materials thereby promoting regional product demand.

Brazil construction sealants market may witness strong gains owing to growing population and rapid urbanization along with increase in construction of commercial infrastructure should favor product demand in this region.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The overall construction sealants market acquired a revenue share of 4.5 Billion (USD) in 2016.

The registered value for construction sealants market was 4.5 Billion (USD) in 2016.

Strict green building norms and expanding application scope across residential as well as public infrastructure in China and India owing to properties such as adhesion insolubility, corrosion resistance, and low VOC content would drive the demand for construction sealants.

Volatile raw material prices owing to unstable crude oil prices and widescale use across industries such as automotive, electronics, and packaging industries is expected to impede product availability over the coming years.

According to Global Market Insights, Inc., the structural glazing application segment is expected to surpass a $3 billion valuation by 2024 owing to shifting construction trends towards modern architecture with better aesthetics.

The APAC led by Japan, India, and China is creating immense demand for construction sealants owing to the rising infrastructural spending in the region.